Ab Large Correlations

ALCKX Fund

USD 105.47 0.75 0.72%

The correlation of Ab Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ab Large Correlation With Market

Significant diversification

The correlation between Ab Large Cap and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ab Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ab Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with ALCKX Mutual Fund

0.88	FAFGX	American Funds	Pair Corr
0.88	FFAFX	American Funds	Pair Corr
0.99	GFACX	Growth Fund	Pair Corr
0.99	GFAFX	Growth Fund	Pair Corr
0.99	AGTHX	Growth Fund	Pair Corr
0.99	CGFFX	Growth Fund	Pair Corr
0.99	CGFCX	Growth Fund	Pair Corr
0.99	CGFAX	Growth Fund	Pair Corr
0.99	CGFEX	Growth Fund	Pair Corr
0.99	RGAEX	Growth Fund	Pair Corr
0.78	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.77	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.77	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.76	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.77	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.77	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.79	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.75	KINCX	Kinetics Internet	Pair Corr
0.78	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.76	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.69	WMT	Walmart Aggressive Push	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.64	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against ALCKX Mutual Fund

0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	KO	Coca Cola Aggressive Push	Pair Corr
0.52	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.43	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ABSKX	APGYX	ASDEX	APGZX	ABPRX
ABSKX		0.0	0.0	0.0	0.0	ABSKX
APGYX	0.0		0.99	1.0	1.0	APGYX
ASDEX	0.0	0.99		0.99	0.99	ASDEX
APGZX	0.0	1.0	0.99		1.0	APGZX
ABPRX	0.0	1.0	0.99	1.0		ABPRX
	ABSKX	APGYX	ASDEX	APGZX	ABPRX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

APGZX	+ 1.0	APGYX
ABPRX	+ 1.0	APGYX
ABPRX	+ 1.0	APGZX
ASDEX	+ 0.99	APGYX
APGZX	+ 0.99	ASDEX
ABPRX	+ 0.99	ASDEX

High negative correlations

ABPRX	- 0.0	ABSKX
APGZX	- 0.0	ABSKX
ASDEX	- 0.0	ABSKX
APGYX	- 0.0	ABSKX

Risk-Adjusted Indicators

There is a big difference between ALCKX Mutual Fund performing well and Ab Large Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ab Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABSKX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APGYX	0.69	0.10	0.00	1.15	0.98	(0.69)	1.58	(1.80)	4.76
ASDEX	0.70	0.09	(0.01)	0.89	1.05	(0.65)	1.69	(2.19)	5.37
APGZX	0.69	0.10	0.00	1.17	0.98	(0.69)	1.58	(1.79)	4.74
ABPRX	0.69	0.10	(0.01)	1.14	0.98	(0.69)	1.58	(1.80)	4.75

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